Browsing: e-commerce

Co-founder and CEO Josef Werker talks about Humble’s mission to promote a more circular, sustainable future, their recent $750,000 seed round, and his own personal advocacy for championing psychological safety in the workplace.

The massive potential for Sea is evident as e-commerce is 7% to 8% of overall retail sales in Southeast Asia, compared with 22% for China. Analysts forecast a 23% five-year annual growth rate for the digital economy in the region.

The report said the main driver of the country’s digital economy will be the e-commerce sector, which is seen to hit $22 billion by 2025, at a 17% compounded annual growth rate (CAGR).

Among the establishments that have needed to adapt to the restrictions and precautionary measures of the New Normal, bars and restaurants were among the worst-hit.